New to Car Leasing?

When you lease a car, the car is yours to drive and operate - as you would if you were to buy a car. The key differences between the two are the ownership and maintenance of the vehicle.

When you buy a car with cash, you own it. (In Malaysia though, most drivers buy a car on a hire-purchase bank scheme. In actuality then, the bank owns it until you pay off the loan!) When it comes to car leasing, the car leasing company owns the car you drive.

There are more than 250 car rental / leasing companies in Malaysia. Each of them offering a wider variety of models and car services that caters to different needs. At Malaysia, we spend a good deal of time helping businesses and consumers find the perfect car for their needs. Our customers often tell us that car leasing is one of the most difficult and painful decisions they have to make. We usually share this guide with them in hopes that the process can be enjoyable (and not painful)!

Compared to buying a car, there are significantly more choices for drivers like you. Even though there are more choices, the car leasing process is actually quite straight forward since the leasing rates usually includes all the necessary expenses that comes maintaining a car.

We work with more than 25 car leasing businesses in Malaysia. We provide an unique customer-oriented prospective on car leasing. To begin, click on some of the cars that you would like leasing rates for and we will assign you a leasing specialist (yes a living breathing human being!) to aid you in your search for a lease.

All you need to do is to choose a car from our Drive.MY Long Term Leasing Page or fill out a Drive.MY form where you state your budget and preferred Car Type or Car Model and one of our friendly Customer Service Representatives will contact you shortly!

What's the purpose? It is important to know the purpose of your car lease. Is it for a company or for your individual needs? If it is for business purposes, then perhaps you would like a mid-sized sedan capable of ferrying clients to and fro destinations.

What's your comfortable budget? To ask is on your budget. As car leasing is a much longer liability than short-term rentals, you may want to take a look at how much you are willing to pay per month.

The type of car you should get would first have to fit within your purpose and your budget available. Once we ascertain your purpose and budget, we will recommend you the best cars for your leasing needs.

Ensure that the car has no visible marks when you receive the car. Ensure that the boot, the paint, the windows are not in any damage whatsoever. Lastly, check that this is the car that you are leasing based on the age and mileage of the car.

Breakdowns? We provide all maintenance services for any breakdown situations. However, as is provided in all our cars, a spare tire and other equipment are available in the boot. If it is currently not within the best time frame, you may wish to replace the tire on your own, or wait for our technicians to arrive to rectify the problem. Tire punctures are considered minor accidents and most car companies will not repair it. You can call the car company for assistance but they may charge a nominal fee or go to a gas station for assistance.

Accidents? First off, do not panic. Next, call one of our 24-hour operators for advice and action to take next. Do not admit guilt or exchange particulars. Call your leasing company immediately for advice. If there are any injuries, call for an ambulance. Do not move the car or admit guilt.

Declare the damage and the extent of the damage when you return the car and we will follow-up with the course of action from there. Be advised that a portion of your security deposit may be forfeited to maintain the car. You may have to pay for the 'loss of future use of car' because the businesses cannot rent or sell the car you have leased anymore.

Call the respective car leasing companies up for direct assistance at their websites. If all else fails, you can call our 24 hour-service operators at (+60) 01 7204 3348 during office hours or (+60) 172043348 after office hours for assistance.

If the car is making strange noises? For your own safety, please stop driving the car and park it in a safe place. Immediately call the leasing company up for assistance. If they do not pick up, call our 24 hour-service operators at (+60) 01 7204 3348 during office hours or (+60) 172043348 after office hours for assistance.

The termination clause will be based on our partner's Terms & Conditions. General practices will be, forfeiting the security deposit or maximum value in the remaining period. There are diplomatic clauses which you can choose to return the car after a certain time period of leasing.

When signing a lease, always ensure that the model number, license number and configurations are as the car that you have requested for. Also check if there are any defects or damage found in and around the car. Ensure that the handover process is done properly and drive on!

Typical Car Leasing Jargons

Car Rental - The act of borrowing a car from a company for a period of time.

Car leasing - The act of borrowing a car from a company for a long period of time (typically 6 months or more)

2+1 - Used to measure upfront payment and the security deposit required to lease a car. The first number represents the upfront payment and the second number represents the security deposit required. The numbers usually mean in terms of months.

1+1 - As above.

Security deposit - The amount of money held in hold up when you lease or rent a car. It is returned upon retrieval of the car by the company from you.

Insurance Excess - The minimum amount of money that is required for payment before coverage by the insurance. For example, if you have an insurance excess cost of RM 2000, the insurance company will only cover all costs above RM 2000. The client pays the initial RM 2000 or less.

Depending on the offence, you will be receive it within 2 weeks through mail, or 1 week if you check for the records online. Not to worry, the payment grace period starts from the date that you have received the physical mail. If you receive a fine in Malaysia, expect to see the fine about 2 months later.

The person who was driving at the moment of time will be liable for breaking the traffic code. However you may receive additional fines from the partner company if he or she is not the named driver as was signed in the contract.

No. It is signed under your name and hence no insurance will be provided for someone else. In addition, the leasing company has only agreed to lease the car to you and only you. To loan the car to someone else will most likely incur a penalty from the leasing company. This is especially true for high end sports cars.